On Monday, as Empire Center fiscal expert E.J. McMahon noted, Census numbers pegged New York’s 2016 per-student outlays at $22,366, or nearly twice the $11,762-per-student national average. And the gap, McMahon adds, has only been growing.
"I think the tax cap has induced a sense of complacency," said E.J. McMahon, founder of the Empire Center, a fiscally conservative think tank in Albany. "It’s seen as automatically keeping a fairly tight lid on the levy. But at the first sign of fiscal stress and added pressure for higher taxes, I'd expect turnout to rebound."
The report — from the Empire Center for Public Policy, an Albany, N.Y.-based independent, nonpartisan, nonprofit think tank — examined the effectiveness of New York's hospital ownership laws. For-profit hospitals are not common in the state due to 1960s-era laws that generally discourage for-profit ownership and prohibit publicly traded corporations from owning hospitals, according to the report.
New York doled out $22,366 for each elementary and secondary schoolkid — 90 percent higher than the national average of $11,762, according to Empire Center research director E.J. McMahon.
New York hospitals cost more and have lower quality on average than the rest of the nation, a new report finds.
The Empire Center broke the news this week that the state Department of Taxation and Finance is working on an unincorporated business tax that might allow partners at law firms and investment banks and similar high-paying places to get around the federal limitation on deducting state and local taxes.
As the Empire Center’s E.J. McMahon notes this week, the latest budget update puts next year’s gap at $4 billion, up by $500 million just since February.
Long Island voters will weigh in Tuesday on nearly $13 billion in proposed spending for the 2018-19 academic year that affects about 440,000 public school students, in an election season with a focus on security spurred by the February mass shooting in Parkland, Florida.